Lee Johnson Capital Management LLC Acquires New Shares in Broadcom Inc. $AVGO

Key Points

• Lee Johnson Capital Management initiated a new position in Broadcom, buying 14,224 shares worth about $4.92 million, representing roughly 1.7% of its portfolio and making AVGO its 20th-largest holding.
• Insiders have been net sellers recently — CFO Kirsten Spears and Mark Brazeal sold shares on March 17th (combined ≈$27.9M), and insiders have sold 403,049 shares (≈$133.46M) over the past 90 days, which could pressure near-term sentiment.
• Broadcom struck a multiyear deal with OpenAI to co-develop custom AI accelerators and has received multiple analyst upgrades, leaving a consensus rating of Moderate Buy with an average price target of $435.30.

Lee Johnson Capital Management LLC bought a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,224 shares of the semiconductor manufacturer's stock, valued at approximately $4,923,000. Broadcom comprises about 1.7% of Lee Johnson Capital Management LLC's investment portfolio, making the stock its 20th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AVGO. Teachers Insurance & Annuity Association of America bought a new stake in shares of Broadcom in the 2nd quarter valued at approximately $28,000. JCIC Asset Management Inc. bought a new position in Broadcom during the third quarter valued at approximately $31,000. Miller Global Investments LLC bought a new position in Broadcom during the fourth quarter valued at approximately $31,000. Manning & Napier Advisors LLC acquired a new stake in Broadcom in the third quarter valued at approximately $34,000. Finally, Evolution Wealth Management Inc. acquired a new stake in Broadcom in the second quarter valued at approximately $36,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Mizuho set a $480.00 price target on shares of Broadcom and gave the stock an "outperform" rating in a research note on Friday, January 9th. Wells Fargo & Company raised shares of Broadcom from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $410.00 to $430.00 in a research note on Thursday, January 15th. Royal Bank Of Canada decreased their price objective on shares of Broadcom from $370.00 to $340.00 and set a "sector perform" rating for the company in a report on Monday, March 2nd. Wall Street Zen upgraded Broadcom from a "hold" rating to a "buy" rating in a report on Saturday, December 13th. Finally, Robert W. Baird set a $420.00 price target on Broadcom in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $435.30.

Insider Activity

In related news, CFO Kirsten M. Spears sold 36,292 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $11,671,507.20. Following the completion of the sale, the chief financial officer owned 327,760 shares in the company, valued at $105,407,616. This represents a 9.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark David Brazeal sold 50,488 shares of the firm's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $16,236,940.80. Following the completion of the sale, the insider directly owned 278,141 shares in the company, valued at $89,450,145.60. This trade represents a 15.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 403,049 shares of company stock worth $133,459,315 over the last 90 days. Company insiders own 1.90% of the company's stock.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: OpenAI partnership: Broadcom struck a multiyear deal to co-develop custom AI accelerators, positioning AVGO as a strategic supplier for OpenAI and signaling material addressable revenue from bespoke AI silicon and related infrastructure. OpenAI Just Became Broadcom's Newest Chip Customer
• Positive Sentiment: Analyst upgrades: Erste Group sharply raised estimates (FY2026 to ~$9.80 EPS and FY2027 to ~$16.55 EPS), implying much stronger earnings power than consensus and supporting a higher valuation if AI wins scale as expected.
• Positive Sentiment: Thesis reinforcement from market commentary: Multiple bullish write-ups highlight Broadcom’s expanding role across custom AI silicon, networking and software for hyperscalers — a structural growth story that investors view as durable despite recent volatility. Broadcom (AVGO) Powers the AI Boom — Bullish despite the Pullback
• Neutral Sentiment: Price-target / multi‑year outlook pieces: Analysts and retail sites are publishing 3‑year AVGO price predictions and scenario analyses reflecting both upside from AI exposure and risk from lofty multiples. Broadcom Stock Price Prediction: Where Will AVGO Be in 3 Years?
• Neutral Sentiment: Buy-the-dip narratives: Several outlets argue the ~24% pullback is a buying opportunity tied to the OpenAI deal and secular AI demand, but these are thesis-driven and hinge on execution. Is the 24% Dip a Golden Buying Opportunity?
• Neutral Sentiment: Macro/sector context: Coverage noting that tech earnings have grown but some ETFs (and segments) lag share-price recovery, which can keep trading volatile for large-cap semiconductors like AVGO. As Tech Earnings Grow, This ETF Still Hasn't Caught Up (AVGO)
• Negative Sentiment: Insider selling: Reports of insiders selling shares have raised near‑term sentiment concerns and may amplify downside during a broader pullback, even if strategic fundamentals remain intact. Broadcom Insiders Are Selling Stock. Is AVGO Finally at the End of the Road?

Broadcom Price Performance

NASDAQ AVGO opened at $300.68 on Friday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $414.61. The company has a fifty day simple moving average of $327.00 and a 200 day simple moving average of $344.86. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. The company has a market cap of $1.42 trillion, a P/E ratio of 58.73, a P/E/G ratio of 0.66 and a beta of 1.22.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping the consensus estimate of $2.03 by $0.02. The firm had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The business's quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 EPS. On average, sell-side analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid a $0.65 dividend. The ex-dividend date is Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.9%. Broadcom's payout ratio is presently 50.78%.

Broadcom Company Profile

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company's semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom's portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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